Answer:
E_s = 0.9
It's inelastic
Explanation:
Formula for elasticity of supply is;
E_s = % change in quantity supplied/% change in price
The percentage will cancel out so, we are left with;
E_s = change in quantity supplied/ change in price
Change in quantity supplied = (200 - 100)/((200 + 100)/2) = 3/5
Price for 100 buckets = 100 × 80 =$8000
Price for 200 buckets = 200 × 80 = $16000
Change in price = (16000 - 8000)/((8000 + 16000)/2) = 2/3
Thus:
E_s = (3/5) ÷ (2/3)
E_s = 0.9
Now, this price elasticity supply value is less than 1. Thus, it can be categorized as being inelastic.
Answer:
The tax multiplier
Explanation:
The tax multiplier can be regarded as the huge effect of change that occur in taxes on aggregate demand, when there is decrease in taxes then the effect is felt on income as well as consumption due to increase in government spending. Spending multiplier is is bigger compare to tax multiplier. It should be noted that tax multiplier is used to determine the final impact on aggregate demand that occurs as a result of the change in lump-sum taxes.
Simplify...
2.5(10−8)(9(10−10))
= 0
0 will be your answer...
It’s the frog you really just got to read it right that’s all
This is called a direct current > ———
